Adept Technology Share Discussion Threads

[blusteradjuster] 22/1/2021 12:46

Ian Fishwick (founder/chairman) has 3% so he has a vested interest in a high offer.

I saw him give a talk sometime ago where he said that prospective acquisitions include companies run by people wanting to cash-out and retire.

He stated he was aged late-50s at the time and that he'd want to retire eventually..

[red ninja] 22/1/2021 12:23

Could be, I seem to remember that Judith Mackenzie (Downing) was speculating on it maybe being taken over at some point, as well as some of the posters on this board.

With it being Covid affected I'm sure a buyer would want to try a low ball offer.

[red ninja] 21/1/2021 12:29

Maybe, ADT does seem more in demand these days, but then again the small cap. market generally seems upbeat.

[wanttowin] 21/1/2021 12:10

A 25k buy on the bell last night has pushed us along, part of that large buy order RN ?

[red ninja] 20/1/2021 13:08

There doesn't seem much volume to be raising the share price, and there appear some sells as well as buys.

I wonder if the MMs are working a large buy order in the background and having to raise the price to encourage sellers.

Looks like share price of 250p is possible today.

[crispfin] 20/1/2021 11:50

Seems that way - reasonable 10% climb over last few days after 6 months of pretty minimal movement.

It’s interesting as there hasn’t really been any news and the rise is not based on much volume.

Perhaps the big spike in volume a few weeks ago cleared out the last of any sellers, and it’s all incremental buyers from here?

[wanttowin] 20/1/2021 11:27

Mmmm starting to wake up here needs to break 250, we could then be heading for £3 fairly quickly I hope.

[blusteradjuster] 19/1/2021 10:46

Back in here - should hopefully head back to/above £3 in the coming months.

[crispfin] 14/1/2021 21:45

There only are c. 25m shares so that’s 4% of the total gone somewhere today.

Hopefully it’s someone accumulating or some buy backs but who knows. Will need to keep an eye on the volume tomorrow.

[red ninja] 14/1/2021 19:05

Just over 1.1 million shares traded in last 3 trades today that explains the share price move today.

[red ninja] 11/1/2021 07:58

Positive news in NHS Network transformation:-

"
AdEPT's role
AdEPT already provides HSCN connectivity across the UK, however the most concentrated success was a programme across the entire Kent NHS, in a contract valued in excess of £4m. This initiative provided connections to over 400 care homes, hospitals, and doctors' surgeries in a project that will be of huge benefit to clinicians and the public at large.

Patrick Clark commended AdEPT. "On behalf of NHS Digital, I wish to express my sincere gratitude to you and your colleagues at AdEPT for your co-operation in driving HSCN migration activity. I have no doubt that without your organisation's hard work and commitment we would not have arrived at this point so soon."

Future impact
The credibility arising from delivering such a substantial programme positions AdEPT to secure further infrastructure projects across the UK; whilst the presence AdEPT now has facilitates conversations about additional services from the AdEPT portfolio across the NHS.
"

[wanttowin] 06/1/2021 09:37

Yes thank you Crispin, knowledgeable and an input I know nothing about.

[red ninja] 05/1/2021 19:21

Thanks Crispfin, good to hear some input from someone who works in M & A.

[blusteradjuster] 05/1/2021 18:21

Ian Fishwick is not far off 60 years old.

He'll want to retire (and cash-out?) eventually.

[wanttowin] 05/1/2021 15:10

Thanks RN ..interesting article and reading between the lines 'more patience required'.. so will sit on mine and try not to think about them too much ! Cheers

[red ninja] 05/1/2021 14:35

Judith Mackenzie still backing Adept Tech.

Vox Markets - 18/12/20:

Judith MacKenzie of Downing LLP discusses her portfolio and predictions for 2021

[wanttowin] 05/1/2021 14:19

God this has been a long painful hold, torn as whether to sell out now, and recover loss elsewhere...or continue suffering, at times I wonder if it is actually trading !

[energeticbacker] 17/11/2020 16:53

Investor's champion comments on underwhelming results - it is hard to gauge how they have benefited from all the public sector work.

[leading] 17/11/2020 12:39

This lot always talk a good game, but the numbers aren't so flash.

Big of the Board to voluntarily pass on bonuses. Given that they are loss making, I don't suppose many bonuses would have been earned anyway.

Dividends , of course are the first thing to be chopped.

Huge intangible assets FWIW.

Come back when you have completed the internal platform transformation, fully integrated past acquisitions, halved your net debt and reinstated dividends and I'll have another look. Share price reaction today of down 10% seems justified to me.

[par555] 17/11/2020 11:26

RN, Agree your comments on results. Unprecedented pressures well managed by a management team that have never disappointed in the past.

[red ninja] 17/11/2020 11:21

Mmm I thought the results were pretty reasonable given the Covid-19 crisis and at 216p a share they are not expensive. The company should also come out of this crisis in better shape given its investment in Project Fusion and AdEPT Nebula platform.

However, maybe I should have waited for the stock to finish falling before buying.

[blusteradjuster] 17/11/2020 10:01

Yes, the business model remains sound and they'll emerge from the pandemic with substantially lower net debt.

However, no dividend, no firm outlook and falling top and bottom lines make it one to leave alone.

Worth revisiting in the Spring once the vaccination-drive is in full-swing and things should be back to pretty much normal.

[wanttowin] 17/11/2020 09:00

Sold half of mine this morning..just can't see this rising for sometime and no divi does not help to tempt buyers..Will try to recoup loss, better options elsewhere imo..